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than if your friend, joe, came out with a tweet. charles schwab, which hosts trillions of dollars of our assets, bank accounts and trading, their website was hacked for about an hour and a half. you couldn't get on the website. it happened again this morning for periods of time between 10:00 and 12:00. imagine if you have a rumor hitting and charles schwab's site down because of hacking, this is one of those risk factors. unless you keep your stuff in cash in a mattress or gold, there is nothing can you do about it. >> does it speak to the biggerish university frailty? we talk about washington, all street and how big women an guys are doing, but nevertheless, this is still a fragile situation. >> and when it is electronically enhanced, and tyler is right, a lot of this is computer driven and al algorithm, it can all spiral down quickly. but it can also spiral up quickly. >> all right, thank you very much. wee will see you soon i'm sure. >>> president bush is talking about his legacy and relationship with former vice president dick cheney. all of this is ahead of tomorrow's opening
broadcasting service. meanwhile, online brokerage giant charles schwab admitted the website was the target of a second cyber attack in as many days. denying its clients access to their online accounts for several hours. the problem has been resolved and schwab investors can safely trade again. >>> with so many of those schwab clients using mobile devices to conduct trades. another worry on everyone's mind how vulnerable is your mobil phone to being attacked. john herring, ceo of lookout demonstrates just how simple and quick it is to gain access to your mobile accounts. >> there's a whole host of spoof e-mails, in this case, what we have is an e-mail from a colleague. it says, hey, why don't you check out this game, i have lots of programs that get sent to me. i'm sure you have lots of documents sent to you. >> you think it's from a co-worker? or i think it's a from a co-worker? >> and it did not come from a skoe worker. if you open this file, hit install. it will install the application, and you open it, it's a game in this case it could be a document. the device is now hacked. the contro
, we have america's cup 55 days of sailing coming in the summer charles schwab cup in october and now, we are getting ready potentially to have more international sporting ebbs that really come to compliment what we do not just in san francisco but for the whole bay area and i want to suggest to you that we have an opportunity to do that through the one s f program that we created to sustain all of the theater we are doing to make sure we do it right with your help. and i'll say to you're to you and i think i have said this in some other circles, knowing when we were at the five-yard line, ethree minutes less, and three minutes left in the game, i like you, were in front of that television, and i was writing the speech already and i was writing the speech for the super bowl parade in san francisco. and i just want to let you know what i had written already and it said here "i hereby present the key to the city to the electrician at the superdome in new orleans: thank you very much. . >> all right thank you. now, i would like to invite managing ed tore gym gardner to have a questi
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152 points on the all-clear. gold is down 7 dollars, oil up 18 cents. and an outtage on the charles schwab website had day traders and others complaining on twitter. the company immediately acknowleged the trouble. today could get a little crazy for traders out there. joining us now is larry shover of sfg alternatives. great to have you on the show today. i want to start by talking about that big market plunge yesterday, with the dow falling 154 points. is that completely over, or is the market still on edge? - i think we are always on edge. that 3.5- to 5-minute time period really had everyone on edge, and traders were saying, "uh-oh, here we go again," pointing to the fact that electronic trading and social media aren't perfect. - on to apple's earnings after the close last night. this was a surprise. the numbers were solid larry. - yeah, they were solid, and it did catch a lot of people by surprise, and after the close yesterday, post-close, $18, $20 on the upside, very interesting, because that is really going to help give a shot in the arm to the market. let's keep in mind, peo
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: unbelievable story. time now for a quick look at the stories trending on foxbusiness.com. charles schwab website once again hit today with a denial of service attacks. the second straight day clients of the discount brokerage run able to place ades. yesterday appl maybe it could trade. send us an e-mail if you like at -- what is our e-mail? gerri willis.com. send us an e-mail. of big story developing. the site is now back to normal. g e's financial arm will stop lending to gun shops. is rethinking its relationship with a gun sellers in the wake of the school shooting in newton, connecticuand boeing says it expects to resume deliveries of the 787 dreamliner by the middle of the month. the jet was grounded by the fed in january after a dangerous problem wi its batteries and the new $100 bill is coming in october. most of e changes like new colors and images are to prevent counterfeiting and those of the top trending stories on foxbusiness.com. later in the show, foreclosure crisis, new problem arising from the zombie he. tips on getting the most bang for your buck when it comes to complain
online brokers, charles schwab, shut down for awhile, not able to trade online for hours monday and tuesday this week, when apple announced a big surprise. they resolved the issue, but l ceo warns more attacks, more attacks could come in the future. navigating online trading is harder than ever. how do you do it? what do you do to stay safe? market watch and host of "money life" is here on set, great, really appreciate your time. >> thank you. gerri: what do you think of the snafu? >> recognize that denial of service attacks are going to happen, and it's not just schwab, but every brokerage firm because that's the culture that we live in. the question is -- gerri: i don't want to embrace it though, chuck. at the end of the day, more and more makes me feel less and less comfortable, not just with the brokerage, but with the bank. >> i agree with that, and them the question becomes are you going things where it's a real disruption? you know, if you're an average investor, you're not necessarily doing that much trading, and the idea, okay, buy a stock, is the order in today, that's
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. optionsxpress by charles schwab. >>> citi is out with its quarterly earnings. it earned $1.29 a share. it did beat forecasts. revenue helped in part by improved results in city's capital markets unit. they did release some lost reserves, guys, and the capital ratios looking okay as we work through our financials this quarter. >> i like the quarter for multiple reasons including that the left for dead portfolio has come alive. it's had good revenues and it's down to $149 billion, but it was at one time in the 400ses. loan loss reserve has come down a lot. revenueses up 15% for city and that interest margin was good too. this is going to be the bank that people are going like because the tangible book no one believes in it, but it's been back to 50. maybe it was something better than we think, but this is a nice quarter and it's good to see because these companies are owned by a lot of the viewers. >> a big week for banks. bank of america, and according to a lot of tech, as well. mcdonald's on friday. in general and we've heard the term uninvestable related target at some banks and you wouldn't
. optionsxpress by charles schwab. >>> a few minutes until we start trading at the nyse and we expect a bounce at the open there of 35 points after the dow, had its worst week in five months down 2.1%. art cash enjoins us, director for operations for bs. usa today says do you buy the dip or do you protect the profits? >> well, we're getting a big boost out of a couple of areas this morning. europe, particularly because of what happened in italy that the president's been asked to stay on so that means some likelihood of trying to form a government rather than calling for a fast election which might have had mr. grillo sweep, and of course, the g-20 communique which was very bland and which we liked and a big rally in the nikkei and the sell-off in the end approaching 100. so for now they're ready. i'm going to hold the judgment, i think, simon for the next three days or so mainly because we did some technical damage last week and we'll see if they can repair it and if they do -- >> didn't we rally up to that support on friday in the s&p? >> so if they punch through that will raise things and th
-month eibd™ subscription when you call 1-888-280-0159 now. optionsxpress by charles schwab. >>> here is look at stories topping the news now, the u.s. sent f-22 stealth fighter jets to south korea for military training exercises in direct response to north korea's threats. south korea's president said if provoked, the south would strike back. >>> nelson mandela's condition is improving, the south african president thanked everyone for prayers. he has been in the hospital since wednesday. >>> louisville's kevin ware recovering after successful knee surgery after the he broke his leg during yesterday's basketball tournament. his team went on to beat duke 85-63 to advance to the final four. even though ware was not on the court at the buzzer, he still got a chance, as you see there in his hospital bed to hold the trophy. >>> all 35 defendants in the atlanta school cheating scandal are required to surrendered to jail tomorrow. some are expected to turn themselves in today. the alleged cheating took place in 58 of atlanta's public schools. >>> so, it was truly a chaotic scene at a walmart
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